Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Mountview Estates's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.
As of Sep. 2023, Mountview Estates has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mountview Estates Sloan Ratio % Historical Data
The historical data trend for Mountview Estates's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mountview Estates's Sloan Ratio %
For the Real Estate Services subindustry, Mountview Estates's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mountview Estates's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Mountview Estates's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mountview Estates's Sloan Ratio % falls into.
Mountview Estates Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Mountview Estates's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Mountview Estates's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 11.71 (Mar. 2023 ) + 14.92 (Sep. 2023 ) = £26.63 Mil.
Mountview Estates's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -9.416 (Mar. 2023 ) + 1.439 (Sep. 2023 ) = £-7.98 Mil.
Mountview Estates's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + 0 (Sep. 2023 ) = £0.00 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mountview Estates (LSE:MTVW) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Sep. 2023, Mountview Estates has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mountview Estates Sloan Ratio % Related Terms
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Mountview Estates PLC is a property trading company. The company owns and acquires tenanted residential property throughout the United Kingdom and sells such property when it becomes vacant. Its operating segment includes Property Trading and Property Investment. The company derives maximum revenue from the Property Trading segment. It generates revenue from sales of properties, and rental income from properties held as trading stock, investment, and others.
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